>Diesel Power Plant For Bidding


Private investors in the power industry here are not interested in buying the old and dilapidated Bohol Diesel Power Plant in Dampas which is being offered for sale by the National Power Corporation (Napocor).
For two managers of the leading power distribution utilities in the province – Bohol Electric Cooperative (Boheco1 and 2) and Bohol Light Company Inc. – the Napocor plant is "almost a scrap" that is "not viable for rehabilitation".
The sale of the power plant, will not affect the power rates being charged by distribution utilities.
Boheco manager Carlos Itable told the Chronicle that the Napocor plant in Dampas is just providing ancillary services to stabilize the voltage of the main supply coming from Tongonan, Leyte.
Bohol Light Manager Noel Alingig, for his part, said that the power rate they are charging will not be affected by the sale since their electric consumers are protected by their 10-year contract with Napocor and Bohol Light's supply will solely come from Tongonan until 2015.
Napocor is selling the 22 MW (megawatt) Bohol Diesel Power Plant Complex (BDPPC), the first diesel plant with four 5.5M.MW generating units using diesel/bunker fuel.
The said power plant is a peaking plant providing ancillary services such as voltage and frequency regulation. The plant is being bidded out together with the 146.5 MW Panay Diesel Power Plant.
The power plant was first offered for bidding last July 16, 2008 but was declared a failure as only one investor submitted preparatory sales requirements.
The bidding was simultaneously done with the sale of the 1.2 MW Loboc Hydro Power Plant which was acquired by Sta. Clara International Corporation with a winning bid of US$1.42 million.
"There was no taker for the Bohol Diesel Power Plant which was the reason for the failure of bidding," Alingig bared. – Source: The Bohol Chronicle

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